Huaneng Power International Completes the Largest Single Refinancing among China’s Listed Power Companies

On the night of December 28th, Huaneng Power International (600011.SH) announced that by December 20th, it raised 8.355 billion Yuan through additional issuance of A shares and 2.365 billion Hong Kong dollars, equivalent to 2.026 billion Yuan through issuance of H shares. In total, it gathered about 10.381 billion Yuan, fulfilling all requirements of the issuing program.

Huaneng Power International said that it conducted non-public offering of A shares and H shares to increase the company's capital strength. The company plans to further expand its installed capacity, optimize the power generation assets, and improve its profitability and core competitiveness so as to achieve sustainable development.

This means Huaneng Power International’s one-year refinancing has come to an end. And the raised 10.381 billion Yuan represents so far the largest single refinancing among China’s listed power companies.